Zain Saudi Arabia reported a net profit of 150 million riyals for Q3 2024, a 114.3% increase from the previous year. However, net profits for the first nine months declined by 75.6% to 322 million riyals. The company also faced rising operating and credit loss expenses.
Telenor Pakistan and ZTE Corporation have achieved a new data transmission record of 1.9 Gbps over a distance of 11.6 kilometers. This trial utilized advanced MIMO technology and aims to enhance Pakistan’s telecom infrastructure, improving network capacity and expanding high-speed Internet services across the country.
Arabian Internet and Communications Services Company (solutions) reported SAR 1.27 billion in revenues for the first nine months of 2024, a 23.30% increase year-on-year. Q3 net profits surged 19.63% to SAR 463 million, although revenues slightly declined to SAR 2.75 billion compared to the previous year.
Jordan experienced a 64% increase in 5G mobile technology subscriptions in Q2 2024, rising to 51,491 from 31,334 in Q1. Fixed broadband subscriptions reached 793,000, while data consumption through fixed services grew to approximately 1.289 billion gigabytes, reflecting a positive trend in digital connectivity across the country.
Ericsson has partnered with e& Egypt to launch 5G services across Egypt, supplying its energy-efficient 5G portfolio to enhance connectivity. This initiative coincides with the government’s second phase of 5G licenses for Vodafone Egypt, Orange Egypt, and e& Egypt, aiming to improve network performance and communication quality.
The Bangladesh Telecommunication Regulatory Commission (BTRC) is inviting public feedback on draft guidelines for Non-Geostationary Orbit (NGSO) Satellite Service Operators. The guidelines, available on BTRC’s website, aim to regulate satellite-based services in Bangladesh, with feedback due by 18 November. No licenses have yet been granted for NGSO services.
The PTCL Group, Pakistan’s largest telecom conglomerate, is facing significant financial challenges despite reporting a 15.3% increase in revenue to Rs160.6 billion for the first nine months of 2024. The company posted a net loss of Rs15.3 billion, highlighting ongoing operational struggles.
Grameenphone experienced a modest profit growth of 1.0% in Q3 2024, reaching Tk 7.55 billion, despite challenges from rising operational expenses and political unrest. Revenue fell 3.8% to Tk 39.5 billion due to internet shutdowns, but nine-month profits grew 8.60% to Tk 29.55 billion.
Telecom experts suggest that Teletalk, Bangladesh’s state-owned mobile operator, can revitalize its services through significant investment and innovative strategies. Recommendations include a joint venture with BTCL and a focus on data services to improve customer engagement and operational efficiency, addressing current challenges and enhancing competitiveness in the telecom market.
Jordan has improved its global rankings for mobile and fixed internet speeds, now standing at 84th for mobile with an average of 29.4 Mbps and 31st for fixed internet with 155 Mbps. This progress is attributed to a robust regulatory framework and increasing investments in digital infrastructure.
